LTU projects &euro;15-&euro;20 million full-year loss

LTU German Airlines is having difficulty returning to the black and is expecting a €15-€20 million loss for the current business year. According to a spokesperson, LTU is generating around €30 million in savings through synergies with parent dba, new contracts with suppliers and other initiatives but will not reach its €45 million target (ATWOnline, June 19) because of high fuel prices. Other financial details were not released, but a spokesperson said the carrier ...

ATW On-Location

Trans States Holdings, parent of US regionals Trans States Airlines, Compass Airlines and GoJet Airlines, remains “comfortable” with its order for 50 Mitsubishi Regional Jets and expects to begin taking delivery of the aircraft in 2017....More

ICAO will have to boost its budget by 3% to pay a Web-based information database to provide airlines, air navigation service providers and member states a source of safety information about the risks to flights over and within conflict zones....More